When Issued. Upon receipt of a complete application, the department or contracting county shall issue a permit to the landowner or landowner’s agent except as provided in rule 38.12(455B).
When Issued. The City may issue or cause to be issued TIF Bonds at any time in its sole discretion. The TIF Bonds may be issued in an amount sufficient to refund all or a portion of the outstanding TIF Notes. Alternatively, the Developer may, with the City’s consent (not to be unreasonably withheld or delayed), request the XXX to issue TIF Bonds in an amount sufficient to refund all or a portion of the outstanding TIF Notes. Any TIF Notes not refunded by TIF Bonds shall be fully subordinated as to both principal and interest to the TIF Bonds. At the request of the Developer and prior to the acceptance of the Certificate of Substantial Completion, the City may, in its sole and absolute discretion, issue or cause to be issued TIF Bonds in an amount sufficient to refund all or a portion of the outstanding TIF Notes issued. Subsequent to the acceptance of the Certificate of Substantial Completion, the City shall issue or cause to be issued TIF Bonds in an amount sufficient to refund all or a portion of the outstanding TIF Notes, provided that the market conditions are such that the payment terms of the TIF Bonds are sufficiently favorable that a reasonably prudent financial officer or agent of a similarly situated political subdivision would undertake such a refunding or refinancing of the TIF Notes. The Developer may, from time to time, make a written request of the City for the issuance of the TIF Bonds, provided that the City shall have no obligation to issue the TIF Bonds except in accordance with this Section. Notwithstanding the foregoing, no TIF Bonds shall be issued by the City or the XXX until such time as:
(1) the City has received the consents or evidence that the Developer has used commercially reasonable efforts to obtain the consents required pursuant to Section 6.1(c);
(2) if necessary, the City has obtained an independent revenue study by a consulting firm reasonably acceptable to the underwriter, Bond Counsel and the Developer;
(3) the City has selected Bond Counsel, an underwriter, a financial advisor, the trustee and other consultants as the City deems necessary for the issuance of the TIF Bonds, following reasonable consultation with the Developer as provided by Section 5.4, and the City has entered into an agreement with such underwriter for the purchase of the TIF Bonds; and
(4) the parties provide such other certificates, statements, receipts and documents as may be reasonably required by the underwriter, Bond Counsel or the City for issuance and del...
When Issued. The City may, in its sole discretion, issue TIF Bonds or request the XXX to issue TIF Bonds to refund the TIF Notes at any time after the calculation and reports required by Section
When Issued. Upon receipt of a complete application, the department shall issue a permit to the landowner or landowner’s agent except as provided in rules 38.7(455B), 38.12(455B) and 38.15(455B).
